Purpose–The purpose of this paper is to investigate the main determinants of consideration in China's non …-tradable shares reform. The primary objective is to dig into the institutional factors that affect consideration in China's non … important factors which affect consideration. Findings–The authors find that ownership reconstruction form and capital …

predicted determinants, the type and level of consideration by using a sample of the top 300 companies listed in the combined … information about the reform process concerning features such as type and level of consideration. I also regress the company?s CAR … on the type and level of consideration and find evidence to suggest that type of consideration matters, where investors …

consideration. When it comes to deciding cases, the divide is much less pronounced. But for the most part the law does not govern … consideration is required, participants believe that all participants make more ambitious promises. But they themselves make a more … cautious promise. These two effects cancel out, so that promises are not more likely to be kept with consideration. …